Factsheet: BCAP

BCAP

Key Information
Description: 
The Agricultural Act of 2014 (2014 Farm Bill) section 9010 amends section 9011 of the Farm Security and Rural Investment Act of 2002 by eliminating collection, harvest, storage, and transportation (`CHST') payments and reauthorizing the program with discretionary funding at $75,000,000 per fiscal year through 2018. This section also adds `existing project areas that have received funding' to the factors the Secretary shall consider when selecting project areas. This Agricultural Act reauthorizes BCAP with an annual mandatory funding level of $25 million for three types of assistance: • Establishment payments for 50 percent of the cost of establishing a new, perennial energy crop. • Maintenance payments (annual payments) for the crop as it matures until harvest, up to five years for herbaceous crops or up to 15 years for woody crops. • Retrieval payments (matching payments) for mitigating the cost of harvesting and transporting agriculture or forest residues (that are not otherwise economically retrievable) to the end-use facility.
Goal/Aim: 
Support harvest of biomass crops and residues

Sector/Topic targeted:

Status: